Silly Irrational Rich People

In today's episode of "non-profit" capitalism, I have a strong negative reaction to this article.

Hofstra University School of Law will be renamed in honor of a graduate who has agreed to donate $20 million to the Long Island school, the school announced yesterday.

It will become the Maurice A. Deane School of Law at Hofstra University in recognition of a wealthy retired pharmaceutical executive who enrolled in the school at age 50 and was the valedictorian in the class of 1981, receiving awards for both constitutional law and evidence.
...
The school said that for 30 years Mr. Deane, now in his mid-80s, has been an adviser and benefactor of the university and its law school. He served on the university's board of trustees from 1982 to 2007 and was the board's chair from 1989 to 1991. In 2008, he was named chair emeritus.
...
Mr. Deane passed the bar in 1982. Though he did not practice after graduation, he thinks his legal education "really served him well," Ms. Demleitner said.

Mr. Deane is "exceptionally fond of the law school," she said, adding that a condition of the donation was that it exclusively benefit the law school.

And the answer is "yes," you can be technically magnanimous and a complete turd at the same time.

I'm sure some of this money will trickle into scholarships and reduce someone's tuition. But if a game is rigged, it's hardly moral to bankroll the organizers. I'd almost rather the wealthy spend their money on hookers and blow, or buy some crappy artwork or something. At least then they're not supporting a fundamentally broken system that's a detriment to a field they never had any serious involvement with or dependence on.